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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Climb After Solid Retail Sales, Cava IPO

Cava IPO Stock Market United States David Trainer José Torres Cava Group ECB Kiplinger the Federal Reserve
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Stocks started Thursday on a quiet note, but then jolted higher as investors digested global central bank news and a busy day of U.S. economic data that included stronger-than-expected retail sales figures.  

Following yesterday's pause on rate hikes from the Federal Reserve, the European Central Bank (ECB) overnight raised interest rates by a quarter-percentage point. Additionally, ECB President Christine Lagarde said the central bank is "very likely" to lift rates again at its July meeting.

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